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The Latest Breaking News from Nuvama

TCS Q1 Preview: Can the IT bellwether earnings give hope to investors holding the battered stock?

TCS is expected to post modest Q1FY27 profit growth with flat sequential revenue as weak client spending, wage hikes and AI-driven pricing pressure weigh on performance. Investors will closely track management commentary on demand recovery, BFSI growth, deal wins, margins and AI strategy following the stock’s sharp correction this year.

The Economic Times

Smallcap aerospace stock jumps 17% in two days after earning bullish brokerage calls

Aequs shares surged significantly on Wednesday, driven by positive brokerage reports. Analysts issued bullish calls, projecting substantial upside potential for the stock. The company is India's sole vertically integrated precision aerospace manufacturer.

The Economic Times

A sluggish start has cement makers banking on H2 recovery: Report

India's cement sector anticipates sluggish volume growth in the first half of fiscal year twenty twenty-seven. Rising input costs and weak demand will likely pressure cement prices throughout this period. April twenty twenty-six price increases are not expected to fully offset profitability declines for companies. Fresh supply additions during fiscal…

The Economic Times

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$11 billion worth of IPO shares set for lock-in expiry over next 3 months. What shareholders should know

Nearly 53 companies are set to see IPO lock-in expiries between July and September 2026, potentially unlocking shares worth about $11 billion, according to Nuvama. While not all eligible shares are expected to be sold, the expiries could weigh on stock prices in the near term.

The Economic Times

This smallcap aerospace stock could soar up to 91%, predicts Nuvama

Nuvama has initiated coverage on Aequs with a 'Buy' rating and a target price of Rs 444, implying a 91% upside. The brokerage expects strong earnings growth, backed by the company's $889 million order book, vertically integrated aerospace manufacturing capabilities, and long-term contracts with global aerospace OEMs.

The Economic Times

The Q1 verdict: Can TCS, Infosys, other IT results stop a Rs 17 lakh crore AI-led rout?

India's top IT firms like TCS and Infosys face a crucial earnings season after a massive Rs 17 lakh crore market value erosion. Analysts anticipate muted results and weak future guidance, citing client spending slowdowns, pricing pressures, and the disruptive impact of AI. Investors are keenly watching if current valuations…

The Economic Times

Nifty indices rejig goes live today: Which stocks will see biggest inflows and outflows?

The NSE’s quarterly index rebalancing takes effect today, triggering significant passive fund flows across Indian equities due to changes in free-float weights. While the Nifty 50 sees limited adjustments, broader strategic indices are witnessing sharper reshuffling.

The Economic Times

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Vedanta shares fall 6% after Rs 2,149 crore block deal; promoter Twin Star likely seller

Vedanta's stock experienced a significant dip, dropping up to 6% from its intraday peak of Rs 287. This decline followed media speculation that promoter entity Twin Star Holdings likely reduced its stake via a substantial block deal. Around 7.3 crore shares, valued at Rs 2,149 crore, were reportedly traded at…

The Economic Times

Will Amber Enterprises shares rally in the near term after Oppo deal? Here’s what Nuvama, other brokerages say

Amber Enterprises’ partnership with Oppo has drawn mixed brokerage views, with Nuvama and PL Capital bullish on growth and diversification benefits, while JM Financial remains cautious due to margin pressures and competition. The deal marks Amber’s entry into smartphone manufacturing, with investors closely watching execution and near-term stock movement.

The Economic Times

Free shares! NSE IPO DRHP reveals curious case of 5,000 shares landing in wrong demat account

According to the DRHP, NSE and Nuvama Wealth Finance filed a civil suit before the Delhi High Court against Kashmiri Lal Rana and NSDL in May 2025, alleging that 5,000 NSE shares were mistakenly transferred to Rana's demat account on December 28, 2023, despite no corresponding purchase request or consideration…

The Economic Times

Coforge shares jump over 2% as firm eyes $5 billion revenue by FY30. Why Nomura, others see up to 50% upside?

Coforge shares saw a rise after the company projected $5 billion in revenue by FY30. This ambitious target is fueled by strong organic growth and the strategic integration of artificial intelligence. Analysts are optimistic, with several maintaining Buy ratings and setting higher price targets.

The Economic Times

Organised jewellers seen sustaining growth despite 80% surge in gold prices: Nuvama

India's jewellery sector anticipates strong growth. Weddings and festivals are driving demand, even with high gold prices. Retailers report good revenue and customer interest. This trend is expected to continue into the next quarter. However, a recent duty hike may cause a temporary slowdown. Consumers are adapting by choosing lighter…

The Economic Times

Missed Vedanta's buy 1 get 4 offer? Which spun-off stock to buy after listing today

Vedanta’s four demerged entities debuted on exchanges, with brokerages highlighting aluminium as the most attractive segment. Analysts cite strong pricing, capacity expansion and favourable industry dynamics. While large-cap entities may attract institutional flows, smaller businesses could see limited participation, shaping post-listing investment opportunities.

The Economic Times

Vedanta listing: Aluminium, Power, Oil & Gas, Iron & Steel share trading starts Monday. Target price and what else to expect

Four Vedanta entities are set to list on stock exchanges on Monday, June 15, following a mega demerger. Vedanta Aluminium is expected to debut with a market cap of Rs 1.74 lakh crore, potentially surpassing its parent company. The demerged companies will initially trade in the Trade-to-Trade segment.

The Economic Times

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The Economic Times

Vedanta demerger: Which demerged stock should you buy after their market debut on June 15?

Vedanta's mega demerger sees four new companies listing on June 15. Analysts suggest Vedanta Aluminium Metal as a strong buy due to capacity expansion and robust LME prices. Other demerged entities like Vedanta Power, Oil & Gas, and Iron & Steel are expected to debut as small-cap stocks.

The Economic Times

Nuvama Wealth receives final SEBI approval to launch mutual fund business

Nuvama Wealth Management has received final Sebi approval to enter the mutual fund business through Nuvama Asset Management. The company plans to initially launch products under the Specialized Investment Fund (SIF) framework before expanding its mutual fund offerings, leveraging its wealth management expertise and extensive client base.

The Economic Times

Will AI-led tech unwinding pause Rs 60,000 crore FII selloff in Indian IT stocks?

Global markets are experiencing a tech selloff driven by AI fears, impacting Indian IT stocks with FIIs pulling Rs 60,000 crore. However, some analysts believe the sector is poised for recovery, arguing Gen-AI presents an opportunity rather than an existential threat. Valuations have become attractive, leading to upgrades for major…

The Economic Times

Inflation poses bigger risk than growth this fiscal as monsoon and crude weigh on rural demand: Nuvama

In FY27, India's economy grapples with inflation that hits hardest in rural regions, where rising food prices become an urgent concern. The eyes of policymakers are fixed on the monsoon's trajectory, a key determinant for crop health. Global factors, such as elevated crude oil prices and geopolitical strife, further exacerbate…

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The Economic Times

TCS, Infosys, other IT stocks crash up to 7% after 3-day rally. What top brokerages are saying?

IT stocks, including TCS, Infosys, HCL Tech, Wipro and Tech Mahindra, fell sharply on Wednesday, following a three-day rally. Despite AI-related disruption concerns, brokerages such as CLSA, Nuvama and Choice Institutional Equities remain optimistic, citing resilient earnings, strong order books and expanding enterprise AI opportunities.

The Economic Times

TCS shares soar 7%, up nearly 9% in just two sessions! What are technical charts indicating?

TCS shares jumped as much as 7% on Tuesday, extending their two-day gain to nearly 9% as investors snapped up the stock after months of underperformance. The rally was driven by optimism around AI-related opportunities and attractive valuations following a sharp sector-wide selloff. Analysts at Nuvama believe the IT sector…

The Economic Times

Infosys, Tech Mahindra, TCS and other IT stocks jump up to 5%. What’s driving the rally?

Indian IT stocks rose sharply on Monday, lifting the Nifty IT index nearly 3%, as investors reassessed AI-related fears, attracted by attractive valuations and upbeat sector outlooks. Optimism around potential US rate cuts and positive technical signals further fuelled buying in Infosys, Tech Mahindra, TCS and other IT majors.

The Economic Times

India auto wholesales expected to sustain uptrend across segments through FY26–28: Nuvama

India's automotive sector is set for sustained growth trajectories over the next two fiscal years, with passenger vehicles and two-wheelers expected to outpace heavy commercial vehicles and tractors.

The Economic Times

IPO investors brace for 70 lock-in expiries worth $35 billion in three months. Do you own any?

According to Nuvama Alternative & Quantitative Research, the Indian stock market is set to witness a significant wave of lock-in expiries between May 26 and August 31, as shares of 70 recently listed companies worth nearly $35 billion become eligible for trading.

The Economic Times

Hindalco shares decline 2% as Q4 profit falls 51%. Here’s what Nuvama and other brokerages said

Hindalco Industries' shares dipped after reporting a 51% YoY decline in net profit to Rs 2,597 crore for the March quarter, despite a 20% rise in consolidated revenue to Rs 78,133 crore. The company recommended a final dividend of Rs 5 per share. Analysts remain cautiously optimistic, with some raising…

The Economic Times

Jubilant Foodworks shares crash 8% after Domino's India operator's Q4 results. What spooked investors?

Jubilant Foodworks shares dropped significantly after its fourth-quarter results. The Domino's India operator reported a profit rise but faced headwinds. Brokerages have reduced their target prices for the stock. Concerns include rising costs and slower growth. The company mentioned temporary LPG supply issues impacting operations. Analysts expect near-term pressure on…

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